TJX Companies (TJX) FY2016 results: revenue $30.9 billion, up 6.4% on the year
TJX Companies Inc. (TJX) reported revenue of $30.9 billion for fiscal 2016, the year ended 30 January 2016, up 6.4% on the year before. Net income was $2.3 billion, up 2.8%, and diluted earnings per share $1.67. The figures are the company's own, from the 10-K it filed with the SEC on 29 March 2016.
Revenue
$30.9 billion
+6.4% on the year
FY2009FY2016
Operating margin
13.3%
13.5% a year earlier
FY2009FY2016
Net income
$2.3 billion
+2.8% on the year
FY2009FY2016
Diluted EPS
$1.67
+5.7% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
30,945
29,078
27,423
+6.4%
Selling, general and administrative
5,206
4,695
4,467
+10.9%
Operating income
4,100
3,931
3,680
+4.3%
Operating margin
13.3%
13.5%
13.4%
Interest expense
68.3
64.8
57.1
+5.4%
Pre-tax income
3,658
3,550
3,319
+3.1%
Income tax
1,381
1,335
1,182
+3.4%
Effective tax rate
37.7%
37.6%
35.6%
Net income
2,278
2,215
2,137
+2.8%
Net margin
7.4%
7.6%
7.8%
Diluted EPS
$1.67
$1.57
$1.47
+5.7%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
2,957
3,008
2,590
-1.7%
Capital expenditure
889
912
947
-2.4%
Free cash flow
2,068
2,097
1,644
-1.4%
Free cash flow margin
6.7%
7.2%
6.0%
Cash from investing
n/a
n/a
-1,036
Cash from financing
n/a
n/a
-1,144
Depreciation and amortisation
617
589
549
+4.7%
Share-based compensation
94.1
88.0
76.1
+6.9%
Buybacks
1,828
1,651
1,471
+10.8%
Dividends paid
544
466
394
+16.8%
Dividend per share
$0.42
$0.35
$0.29
+20.0%
Diluted shares, weighted
1,367m
1,407m
1,453m
-2.9%
Shares outstanding at period end
1,327m
1,369m
1,410m
-3.1%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
4,307
4,264
4,230
+1.0%
Debt
1,620
1,615
1,270
+0.3%
Other liabilities
5,572
5,110
4,598
+9.1%
Total liabilities and equity
11,499
10,989
10,098
+4.6%
Fixed assets
4,138
3,868
3,595
+7.0%
Goodwill
194
169
169
+14.7%
Investments
352
283
295
+24.7%
Cash and equivalents
2,095
2,494
2,150
-16.0%
Receivables
238
214
210
+11.3%
Inventory
3,695
3,218
2,966
+14.8%
Other assets
787
732
713
+7.4%
Total assets
11,499
10,978
10,098
+4.8%
10-K for the year ended 30 January 2016, filed 29 March 2016: the filing.